Essence of Management
Managers are needed to make an organization two things. What are they?
Efficient and Effective.
Strategic planning often starts with a(n)_____________ analysis.
SWOT
What are 4 benefits of planning?
Coping with uncertainty, Thinking ahead, Coordinating Activities, Checking on your progress.
What are the three leadership styles?
Autocratic, Participative (democratic), and Free-rein laissez-faire.
Managers who make short-term operating decisions, directing the daily tasks of nonmanagerial personnel, are known as __________ managers.
supervisory
What are four things managers must do?
Plan, Organize, Lead, Control.
An example of a(n) _______________ in a SWOT analysis is when buyer's preferences change.
This analysis defines what a company excels at and needs to improve. It also identifies external factors that may be favorable or potentially harm the company
SWOT analysis.
"Here's the goal, do what you want to achieve it", would refer to what type of leadership?
Free-rein.
This skill is the ability to think analytically, to visualize an organization and understand how the parts work together.
Conceptual.
Management is the pursuit of organizational goals effectively and efficiently through planning, organizing, _______________ , and controlling the resources.
leading
Control systems can increase this_____________, eliminate this______________, and reduce these____________.
Productivity, waste, labor costs.
This type of planning comes from top management and has a time period of 1- 5 years.
Strategic.
This type of leadership can be described as boss-centered.
Autocratic
These skills are required to perform a specific job and needed to perform well in a specialized field.
Technical
Of the three levels of management, this level establishes objectives, strategies, and policies.
Top managers.
A(n)_______________ is a favorable circumstance that presents possibilities for progress beyond existing goals.
This is the creation of alternative hypothetical courses of action that a company can use if its original plans do not work.
Contingency
Transactional leaders are concerned with what four things?
Setting goals, clarifying employee roles, providing rewards and punishments related to performance, and monitoring progress.
This is perhaps the hardest skill to master for most managers and requires the ability to work well in cooperation with other people.
Human skills.
When weighing alternative solutions you need to evaluate based on what 3 questions?
Is it effective?
Is it feasible?
Is it ethical?
What part of the SWOT analysis will controls help alert you to that you may not have noticed?
Opportunites.
This type of planning will be done by supervisory managers and have a time period of 1-52 weeks.
Operational planning.
This type of leadership focuses on inspiring long-term vision, creativity, and exceptional performance.
Transformational.
Which step in a manger's decision-making process involves planning for desired outcomes?
implementing and evaluating the decision